Chemung Financial (CHMG) awards 1,368 shares to Regional President
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chemung Financial Corp Regional President Jeffrey P. Kenefick reported an equity award of company stock. On February 17, 2026, he acquired 1,368 shares of common stock as a grant or award at $59.24 per share, increasing his direct holdings to 11,582.763 shares.
He also reports 3,029.606 shares held indirectly through a qualified plan, which includes dividends issued periodically under the issuer’s Dividend Reinvestment Plan. The filing reflects compensation-related share acquisition rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kenefick Jeffrey P.
Role
Regional President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 1,368 | $59.24 | $81K |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 11,582.763 shares (Direct);
COMMON STOCK — 3,029.606 shares (Indirect, By Qualified Plan)
Footnotes (1)
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FAQ
What insider transaction did Chemung Financial (CHMG) report for Jeffrey P. Kenefick?
Chemung Financial reported that Regional President Jeffrey P. Kenefick received a grant of 1,368 shares of common stock on February 17, 2026 at $59.24 per share. This award increased his direct ownership to 11,582.763 shares, reflecting stock-based compensation rather than an open-market trade.
Was the Chemung Financial (CHMG) Form 4 transaction a stock purchase or an award?
The Form 4 shows a stock award, not an open-market purchase. Jeffrey P. Kenefick acquired 1,368 Chemung Financial common shares as a grant or award at $59.24 per share, categorized under transaction code A for grant, award, or other acquisition of non-derivative securities.
What is the role of the qualified plan in Jeffrey P. Kenefick’s Chemung Financial (CHMG) holdings?
The qualified plan holds 3,029.606 Chemung Financial common shares for Jeffrey P. Kenefick on an indirect basis. According to the disclosure, this balance includes dividends periodically issued under the company’s Dividend Reinvestment Plan, which are reinvested into additional shares within the plan.
What does transaction code A mean in the Chemung Financial (CHMG) Form 4?
Transaction code A on the Form 4 indicates a grant, award, or other acquisition of securities rather than an open-market buy. For Chemung Financial, it shows Jeffrey P. Kenefick received 1,368 common shares as compensation on February 17, 2026, at a price of $59.24 per share.